Wednesday, June 27, 2007

Brazil's Bovespa Gains, Led by Petrobras, on Oil: Tenaris Rises on Merval

(Bloomberg) -- Brazil's stock index rose for the first
time in four days, led by state-controlled oil company Petroleo
Brasileiro SA, as oil prices rose on declining U.S. gasoline
stockpiles.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange rose 249.46, or 0.5 percent, to 54,101.14. Petrobras
accounted for more than one-fourth of the gain.


Read more at Bloomberg Stocks News

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